SEC Form 4 · accession 0001127602-18-027336
LANDSTAR SYSTEM INC · LSTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael K Kneller
Officer — VP General Counsel & Secy
Period of report
Sep 7, 2018
Accepted (ET)
Sep 11, 2018 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000853816
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 7, 2018 | M | 17,708 | $41.80 | A | 52,856 | D | |
| Common Stock | Sep 7, 2018 | M | 19,077 | $51.99 | A | 71,933 | D | |
| Common StockF1 | Sep 7, 2018 | F | 23,019 | $122.96 | D | 48,914 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $41.80 | Sep 7, 2018 | M | 17,708 | D | — | Feb 3, 2021 | Common Stock | 17,708 | 0 | D |
| Stock Options (Right to Buy)F3 | $51.99 | Sep 7, 2018 | M | 19,077 | D | — | Feb 6, 2022 | Common Stock | 19,077 | 0 | D |
Explanation of responses
- F1Represents shares withheld to pay the exercise price and tax withholding obligations.
- F2Options became exercisable as to 4,250 on each of 02/03/2012, 02/03/2013 and 02/03/2014, 3,100 on 02/03/2015 and 1,858 on 02/03/2016.
- F3Options became exercisable as to 4,200 on each of 02/06/2013, 02/06/2014, 02/06/2015 and 02/06/2016, and 2,277 on 02/06/2017.